Reported 2 days ago
Macy's has reported first quarter earnings that exceeded low expectations despite facing declining revenue and challenges related to tariffs and cautious consumer behavior. The retailer's revenue fell 5.1% year-over-year to $4.6 billion, surpassing analyst predictions. Adjusted earnings per share also beat forecasts, though same-store sales dropped 1.2%. The company has revised its earnings outlook for 2025 amid uncertainties while reaffirming sales guidance, as it struggles with macroeconomic challenges and shifts towards e-commerce.
Source: YAHOO